Overview
Early-stage investment fund supporting emerging European founders.
Founded
2016
Deals · 12mo
11
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
Circle Games | Sep 2026Participated | $25 MSeries A | |
Bold Games | Jul 2026Led | $6 MSeed | |
Monogram | Jun 2026Participated | $40 MSeed | |
Mission Control Games | Apr 2026Participated | $4 MSeed | |
Handhold | Apr 2026Participated | $3 MSeed | |
Mandel AI | Mar 2026Participated | $4 MSeed | |
Forithmus | Mar 2026Led | $4 MSeed | |
Luron AI | Feb 2026Led | $1 MSeed | |
Axiology | Feb 2026Led | $6 MSeed | |
Daytona | Feb 2026Participated | $24 MSeries A | |
Caretta | Dec 2025Participated | $1 MSeed | |
Cypher Games | Oct 2025Participated | $30 MSeries A | |
Circle Games | Sep 2026Participated | $25 MSeries A | |
Bold Games | Jul 2026Led | $6 MSeed | |
Monogram | Jun 2026Participated | $40 MSeed | |
Mission Control Games | Apr 2026Participated | $4 MSeed | |
Handhold | Apr 2026Participated | $3 MSeed | |
Mandel AI | Mar 2026Participated | $4 MSeed | |
Forithmus | Mar 2026Led | $4 MSeed | |
Luron AI | Feb 2026Led | $1 MSeed | |
Axiology | Feb 2026Led | $6 MSeed | |
Daytona | Feb 2026Participated | $24 MSeries A | |
Caretta | Dec 2025Participated | $1 MSeed | |
Cypher Games | Oct 2025Participated | $30 MSeries A |
Insights
Time horizon
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Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 5 | 8 |
| Series A | 0 | 4 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| Dec '24 | 1 |
| Jan '25 | 1 |
| Feb '25 | 0 |
| Mar '25 | 1 |
| Apr '25 | 0 |
| May '25 | 1 |
| Jun '25 | 0 |
| Jul '25 | 0 |
| Aug '25 | 0 |
| Sep '25 | 1 |
| Oct '25 | 1 |
| Nov '25 | 0 |
| Dec '25 | 1 |
| Jan '26 | 0 |
| Feb '26 | 3 |
| Mar '26 | 2 |
| Apr '26 | 2 |
| May '26 | 0 |
| Jun '26 | 1 |
| Jul '26 | 1 |
| Aug '26 | 0 |
| Sep '26 | 1 |
| Oct '26 | 0 |
Sector Breakdown
A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.
| Sector | Deals |
|---|---|
| Enterprise Software | 8 |
| AI & Machine Learning | 7 |
| Gaming & eSports | 6 |
| Developer Tools | 2 |
| Networks, Cloud & Communication | 2 |
| Transportation & Logistics | 1 |
| Crypto & Blockchain | 1 |
| Fintech | 1 |
| Manufacturing | 1 |
| Cybersecurity & Privacy | 1 |
| Health & Life Sciences | 1 |
| Clean Energy & Sustainability | 1 |
| Professional Services | 1 |
| Data, Analytics & IT | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 8 |
| $5M-$10M | 4 |
| $10M-$25M | 2 |
| $25M-$50M | 3 |
| $50M-$100M | 0 |
| $100M-$250M | 0 |
| $250M-$500M | 0 |
| $500M-$1B | 0 |
| $1B+ | 0 |
Deals By Geography
Top 2 of 2 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| Europe | 10 |
| United States | 7 |
Co-Investors
Bubble size = shared deals
Click a bubble to open that fund in a new tab.
Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.
| Co-investor | Shared deals |
|---|---|
| Arcadia Gaming Partners | 2 |
| Play Ventures | 2 |
| TIBAS Ventures | 2 |
| Y Combinator | 2 |
| a16z Speedrun | 1 |
| APY Ventures | 1 |
| Arcadia | 1 |
| Balderton Capital | 1 |
| Baltic Sandbox Ventures | 1 |
| Big Bets | 1 |
| BITKRAFT Ventures | 1 |
| Category Ventures | 1 |
| Coinvest Capital | 1 |
| Conviction | 1 |
| Costanoa Ventures | 1 |
| Credo Ventures | 1 |
| Cyan | 1 |
| Darkmode | 1 |
| Datadog | 1 |
| DST Global | 1 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 5 | 29% |
| Participating | 12 | 71% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 0 | 0% |
| Co-led | 5 | 100% |